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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.94+1.1%Nov 28 9:30 AM EST

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To: Frank Edwards who wrote (17736)10/5/1998 2:41:00 PM
From: Tulvio Durand  Read Replies (1) of 77400
 
If I read it correctly, the Parish & Co report may be the true cause of CSCO's drop. It says that it has a $15 Billion obligation to its employees in stock options, and that when considering this and other (potential) liabilities it's market capitalization should be restated at $27 Billion. Using similar reasoning it says MSFT's market cap should be restated at $60 Billion. Check out the excerpt below.

biz.yahoo.com

<<< Based upon restated earnings and assuming an adjusted valuation given Cisco Systems and Microsoft's strong gross revenue growth and industry leading positions, Parish & Company calculates their expected market capitalization to be approximately $27 billion and $60 billion respectively. This calculation does not include consideration of Cisco Systems current conflict with the SEC over their accounting methods regarding acquisitions. >>>

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Tulvio
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